Harry has posted a Charts of the Day video on YRCW at TheTechTrader site noting: YRC Worldwide Inc. (YRCW) has had phenomenal action. A major base formed in the last year and a half, or so. It closed the breakaway gap, ran up to form a little wedge, broke out slightly on Tuesday, and on Wednesday, it had a nice follow-through, up 3.40, o 21 1/2%, on 1.8 million shares. Look for mid-to-high 20’s on this one.
Harry has posted a Charts of the Day video on UNXL at TheTechTrader site noting: Uni-Pixel, Inc. (UNXL) had a nice day in that the wedge, or coil, that was forming popped 1.25, or 3.7%, on nearly a million shares. That’s the best volume in a few weeks. It’s moving through the declining topsline. Be watching for it to get through 37, and then 40 will be tested, but we may see this stock get as high as 48-50 eventually. So don’t be surprised if you see that.
Harry has posted a Charts of the Day video on HIMX at TheTechTrader site noting: Himax Technologies, Inc. (HIMX) is doing wonderfully. The major trend is up. The channel is up. It broke out of a wedge on Wednesday, and popped 82 cents, or 12%, on 13.6 million shares. That’s the second biggest volume in a while. More importantly, it looks like it’s going to the top of the channel. We may see 8 3/4, maybe as high as 9 short-term.
Harry has posted a Charts of the Day video on Symbol at TheTechTrader site noting: Theravance Inc. (THRX) is one of our swing trades that is doing great. It has had an explosive move in the last two days, particularly Monday’s breakaway gap. On Tuesday, it was up 67 cents, or 1.6%, on 3.2 million shares. One negative may be near the top of the channel, but if it does pull back and consolidate here, the next target is 46, and then 50-51.
Harry has posted a Charts of the Day video on HIMX at TheTechTrader site noting: Himax Technologies, Inc. (HIMX) popped out of the wedge, or coil, that was forming on Tuesday, jumping 45 cents, or 7%, on 6.4 million shares. That’s the biggest volume in five sessions. If it can just get over the spike high that reversed at 7.10, reach 7 1/2, and then 8 3/4.
Harry has posted a Charts of the Day video on AEGR at TheTechTrader site noting: Aegerion Pharmaceuticals, Inc. (AEGR) has been one of our swing trades and one of our favorites since it broke out in Oct-Nov. It has a beautiful channel up, consolidation, pop, wedge, held above the prior resistance becoming support, broke out again, and it’s running. It was up 1.45, or 3%, on nearly a half million shares on Tuesday. It’s headed up toward 50-51, which is the target short-term. This swing trade met our target on Tuesday at 47, and it was raised to 48 1/2, so we’ll see what happens.
Harry has posted a Charts of the Day video on XOMA at TheTechTrader site noting: XOMA Corporation (XOMA), which has been running for the last three days, popped through key-overhead resistance on Monday, jumping 33 cents, or 8.3%, on 1.9 million shares. Volume was a little lower than it has been. A couple of triple-tops were taken out. This may be headed up towards 6 3/4-7 range. That's the swing trade target on it.
Harry has posted a Charts of the Day video on THRX at TheTechTrader site noting: Theravance Inc. (THRX) has had a monster move in the last couple sessions. In just two sessions, it had a big reversal day on Friday, a breakaway gap on Monday, and then a pop of 6.36 or 18%, on 8.2 million shares. That’s the second best volume in a month. The top of the short-term channel has been reached, but momentum is a funny thing on this one. Eventually, it appears, this stock is going to reach 50.
Harry has posted a Charts of the Day video on SPWR at TheTechTrader site noting: SunPower Corporation (SPWR) has been running steadily since it broke the declining topsline and lateral resistance, it stalled for four days at key resistance, broke out, and the swing trade is on, tagging the target in the 18-19 zone, reaching 19 1/2. It may see 23 before it’s all over.
Harry has posted a Charts of the Day video on CZR at TheTechTrader site noting: Caesars Entertainment Corporation (CZR) has been in a nice up-trend since November. The channel calls for a move up to 25 or better, but not quite yet. The action on Monday shows a pop of 1.00, or 6.66%, on 1.5 million shares. That’s the biggest volume in about 3 weeks. Breaking out of a falling wedge was a good thing. Look for a test of 17 3/4-18 zone. If it gets through the 18-18 1/4 area, it could really fly. There’s a big short position in this one. Look for a target of 19-20, and then 22-23.
Harry has posted a Charts of the Day video on TSLA at TheTechTrader site noting: Tesla Motors, Inc. (TSLA) had a monstrous day on Thursday, up 13.61, or 24%, on 28.5 million shares. It backed way off in the last hour but had been up as much as 19 at one point in the day. We traded that on Thursday at the 70-1 range, but it reached as high as 75.77. It’s well done in terms of the trend. It could pull back at the opening gap around the 63 area.
Harry has posted a Charts of the Day video on OWW at TheTechTrader site noting: Orbitz Worldwide, Inc. (OWW) had a significant day on Thursday. It has run from 2.00 and change all the way up to 8.00, almost quadrupling. The last few moves and the consolidation held the moving averages and lateral-price support, and formed a topping on Thursday, up 1.37 to 7.82, or 21%, on 4.2 million shares. That’s the biggest volume in a couple years. It’s significant because it comes in at a time when this stock has tested a major, major neckline going back five years. We could see this stock continue to 10-12 in the near-term.
Harry has posted a Charts of the Day video on GMCR at TheTechTrader site noting: Green Mountain Coffee Roasters Inc. (GMCR) had a spectacular session, up 16.56, or 28%, on 26 million shares, closing not far off the high for the day at 76.04. The top of the major channel was taken out, and two-year resistance was taken out. Right now the highs in February 2012 at 71 was taken out. Key-overhead resistance now comes in at the 80-2 zone. So look for it to extend and get up to that level. There may be a follow-through in the next couple sessions.
Harry has posted a Charts of the Day video on QIHU at TheTechTrader site noting: Qihoo 360 Technology (QIHU), which we put out a swing trade on, did quite well on Wednesday. It popped through several levels of resistance earlier this week, had an inside day on Tuesday, and on Wednesday, it ran up to 38.07, pulled back and closed at 38.00, up 1.14, or 3%, on 2.1 million shares. The swing-trade target on this one is 43-44.
Harry has posted a Charts of the Day video on MBIA at TheTechTrader site noting: MBIA Inc. (MBI) popped on Monday, stalled with an inside day on Tuesday, and on Wednesday, it ran another 1.09, or 7.6%, on 20 million shares. The breakout across key resistance goes all the way back to 2012. The coiling-base pattern has exploded. The next target is 19, and it may very well get up there short-term.
Harry has posted a Charts of the Day video on EA at TheTechTrader site noting: Electronic Arts Inc. (EA) had a spectacular session on Wednesday, opening at 19.80, which was a gap-up, running to 21.68, and then closing just 12 cents off the high, up 3.15, or 17%, on 22 million shares. That was the biggest volume on an up-day in more than a year. This stock exploded recently, breaking out of the key resistance levels, taking out the March highs, and running up near resistance. The target zone is going to be 22 1/2-3/4. If it makes it through there, this stock could run up and test the mid 20’s.
Harry has posted a Charts of the Day video on IQNT at TheTechTrader site noting: Neutral Tandem, Inc. (IQNT) had a swing trade put on it on Monday, and this is why. This stock popped, formed a 2-day wedge, broke out, and looks like it wants to run. It was up 60 cents, or 12.6%, on 3.9 million shares. It has a beautiful-base pattern and a break out at resistance. Resistance is at 5.32, the high was 5.50, and the close was at 5.37. That is incompetent technically. If it can get up through here, the next targets are 7 short-term, and 8 intermediate-term.
Harry has posted a Charts of the Day video on INFN at TheTechTrader site noting: Infinera Corporation (INFN) was in a beautiful pennant. Friday, it broke out of that pennant and on Monday, it followed through, up 24 cents to 8.70, or 2.8%, on 1.4 million shares. There’s some resistance here going all the way back to the multiple tops in 2011. If it can get up through here, this stock could test the 11 range, which is the secondary swing-trade target on this stock.
Harry has posted a Charts of the Day video on IMMR at TheTechTrader site noting: Immersion Corporation (IMMR) has had a beautiful two days. Friday was a breakout day, and Monday was a follow-through day, up 90 cents to 13.39, or 7.2%, on 1.2 million shares. This stock could reach 15-15 1/2 potentially, which is our swing-trade target, as early as Tuesday of this week.
Harry has posted a Charts of the Day video on CREE at TheTechTrader site noting: Cree, Inc. (CREE), one of our swing trades, took a little dip on earnings and stayed in a wedge for about eight days. Now, it’s taking off again, and on Monday it was up 1.47 to 59.50, or 2.5%, on 1.9 million shares. The technicals have improved a little and it reached a new high just under 60 on Monday. If it continues this run, it may very well get into the high 60’s.